Amazon's total investment in the AI company now totals $8bn, with its AWS unit as Anthropic's cloud provider
Since last September, the tech giant has pumped $8 billion into the artificial intelligence start-up, a sign of intense competition in developing tools that are reshaping the tech sector.
The tech giant doubles its investment in the startup as it aims to compete in the AI arms race.
Stocks like AMZN, TPR, CASY and ANF are poised to benefit during the holiday season.
Amazon will invest another $4 billion in Anthropic, the startup behind the Claude chatbot and AI platform, bringing its total investment to $8 billion under an expanded partnership between the companies.
Artificial intelligence startup Anthropic said on Friday it has raised an additional $4 billion investment from Amazon.com , and made the tech giant's AWS unit its official cloud partner.
Amazon on Friday announced it would invest an additional $4 billion in Anthropic, the artificial intelligence startup founded by ex-OpenAI research executives. The new funding brings the tech giant's total investment to $8 billion, though Amazon will retain its position as a minority investor.
Anthropic, OpenAI's close rival, has raised an additional $4 billion from Amazon, and has agreed to make Amazon Web Services (AWS), Amazon's cloud computing division, the primary place it'll train its flagship generative AI models.
Amazon.com Inc (NASDAQ:AMZN) founder Jeff Bezos has denied claims from Tesla Inc (NASDAQ:TSLA) CEO Elon Musk that he believed President-Elect Donald Trump would lose the election and he told people to sell their shares in Musk-owned companies before the vote. Elon wrote in a post on X, his social media platform: “Just learned tonight at Mar-a-Lago that Jeff Bezos was telling everyone that @realDonaldTrump would lose for sure, so they should sell all their Tesla and SpaceX stock,” followed by a laughing emoji.
The future is growing brighter, and more efficient, for one entertainment giant.
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